A survey of professional economists revealed that more than three-fourths of them agreed with a number of statements, including which of the following? Does your answer suggest a difficulty for implementing a consistent counter-cyclical fiscal poli, The President receives economic policy advice from economists at each of the following except: A. the Department of Labor. Numerous indigenous cultures formed, and many saw transformations in the 16th century away from more densely populated lifestyles and towards reorganized polities elsewhere. Counties will begin mailing vote-by-mail ballots. The design of tax policy is one of the responsibilities of economists who work at the, 44. Which of the following fiscal policy combinations would be most likely to slowly increase real GDP without putting tremendous upward pressure on the price level? Which of the following is an example of a positive, as opposed to normative, statement? The measure also created the California Institute for Regenerative Medicine (CIRM), primarily for the purpose of providing grants to universities and other entities in California to support stem cell research, development of new treatments, clinical trials, new research facilities, and other related activities. For example, if the proposition were to result in new treatments, state and local government costs for some programs such as Medi-Cal, the states subsidized health care program for low-income people, could be affected. SUPPORTED BY 70 PATIENT ADVOCATE ORGANIZATIONS, THE UNIVERSITY OF CALIFORNIA, AND SCIENTISTS, INCLUDING: American Association for Cancer Research American Diabetes Association Leukemia & Lymphoma Society Juvenile Diabetes Research Foundation ALS Association, Golden West Chapter CURECitizens United for Research in Epilepsy One Mind Immune Deficiency Foundation Beyond Type I Women's Alzheimers Movement Alzheimer's Los Angeles Christopher & Dana Reeve Foundation for Paralysis Cystic Fibrosis Research, Inc. Arthritis Foundation Sickle Cell Disease Foundation of California Foundation for Fighting Blindness San Francisco AIDS Foundation. Opponents of Proposition 14 argue that the measure would commit $7.8 billion we cannot afford during this economic and budgetary crisis to fund a state agency with management challenges and poor results . Unemployment in California is over 12%. . 10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes. economic propositions on each survey instrument allow conclusions regarding shifts in consensus among economists over time. a. increased government spending b. a balanced-budget reduction in both spending and taxes c. an expansion in the money supply d. higher taxes, According to traditional Keynesian analysis, which of the following will increase aggregate demand the most? The remaining 19,200 were units started and completed during October. I want to know your opinion on the is, Refer to the figure below. Tariffs and import quotas usually reduce general economic welfare. Total Estimated State Costs of $7.8 Billion. ENSURES STRICT ACCOUNTABILITY & TRANSPARENCY. Statements of opinion should initiate the quest for economic understanding, not end it. A contractionary monetary policy. When economists are trying to help improve the world, they are. The proposition sets aside at least $1.5 billion specifically to research and develop treatments for diseases . A "yes" vote supported issuing $5.5 billion in general obligation bonds for . A decrease in government transfer payments. a. Expansionary fiscal policy is designed to control aggregate demand using increases of taxes and cuts in government spending. 49 paper Faizi Online Academy 03098705664 Index => 49 paper Faizi Online Academy 03. b. B. Do you believe that a tax increase on the rich will hurt the economy? What are the views of supporters and opponents of these proposals? To enact expansionary fiscal policy, a supply-side economist would most likely choose to: a) increase transfer payments. c. making assumptions. d. it is impossible to produce more of one good without producing less of the other. The Emergency Economic Stabilization Act of 2008, often called the "bank bailout of 2008", was proposed by Treasury Secretary Henry Paulson, passed by the 110th United States Congress, and signed into law by President George W. Bush.It became law as part of Public Law 110-343 on October 3, 2008, in the midst of the financial crisis of 2007-2008.It created the $700 billion Troubled Asset . The council appears to follow (a) the neoclassical approach to fiscal policy. Understand what the principles of economics are. Which of the following statements is correct about the roles of economists? d. Trade restric. b. Which one of the following macroeconomic policies is a Keynesian economist most likely to recommend as a means of stimulating recovery for an economy that has been in recession for several years? | Credit purchases | 148,900 | 169,300 | 200,300 | PROP. b. c. Keynesians. Do not believe in the mechanics of the Laffer Curve c. Desire reductions in income tax rates so that people are encou. In addition to receiving a grant from CIRM, many grant recipients receive additional funding from other sources for their projects. Which of the following is not one of those propositions? The gap between Social Security funds and expenditures will |    Total cash disbursements | | | | Adjust colonial claims 6. Fiscal policy has a significant stimulative impact on a less a. 2. The bonds primarily would fund additional grants to support research and the development of treatments (including clinical trials) for many diseases. C. Mone, Whether an economist argues in favor of a rise in government spending (as an expansionary fiscal policy measure) could have something to do with the degree of crowding out he expects as a result of the measure. A survey of professional economists revealed that more than three-fourths of them agreed with fourteen economic propositions. b. d. C, Which of the following theorists believes a decrease in marginal tax rates will increase the incentives to work and invest? a. a $40 billion increase in taxes b. a $10 billion increase in taxes and a $30 billion cut in government spending c. a $20 billion increase in taxes and a $20 billion cut in g, Economist A believes that a reduction in tax rates will lead to increased tax revenue, and economist B believes that a reduction in tax rates will not lead to increased tax revenue. a. The United States should eliminate agricultural subsidies. INCREASES PATIENT ACCESS & AFFORDABILITY. The state sold the bonds to investors, and the money generated from these sales funded CIRM grants and operations. Which of the following is not one of those propositions? Which of the following is not one of those propositions? * a. Keynesians b. Monetarists c. Supply-siders d. All of the above, According to the text, the command-and-control approach to pollution abatement is: -favored by economists. c. property rights have to be enforced. Otra parte es agricultura de subsistencia o dependiente de circuitos comerciales de poca extensin. Fiscal policy has a significant stimulative impact on a less than fully employed economy. 39. If the economy is in a recession and prices are relatively stable, then the discretionary fiscal policy or policies that would most likely be recommended to. Proposition 71 required grant recipients who license or sell their inventions to share a portion of the resulting income with the state. It was upheld as constitutional by the United States Supreme Court in the case of . Fiscal policy is more effective than monetary policy because there is no recognition lag for fiscal policy. b. reviewing statistical forecasts. 14 and urge A YES VOTE. This site is using cookies under cookie policy . Economists sometimes give conflicting advice because, 4. Fiscal policy has a significant stimulative impact on a less than fully employed economy. C. the Department of the Treasury. ESG=lower returns. The San Francisco Chronicle examined similar promises made to California voters years agoand concluded the predicted windfall has not materialized.. b) increase taxes. | Credit sales | $374,400 |$349,500 | $420,500 | d. the multiplier effect of fiscal policy. Scarcity necessitates choices: not all of our desires can be satisfied. The x-coordinate of an ordered pair specifies the, 9. A. Coexisten un gran nmero de explotaciones de reducida dimensin y muy poca produccin, con otras mucho menos numerosas pero que aportan la mayor parte de la produccin total. Increased government spending C. Lower taxes on research and development of new technology D. Higher taxes on household income E. More extensiv, Which of the following options is correct? Voter's Edge Campaign Contributions: Total money raised, size of contributions, and top contributors, Power Search: Access and download data from the Secretary of State's CAL-ACCESS System. The main result is an increased consensus on many economic propositions, specifically the appropriate role of fiscal policy in macroeconomics and issues surrounding income distribution. B. We all agree there is a need to find cures and treatments for diseases afflicting so many. 47. 37 A survey of professional economists revealed that more than three fourths of from ECON B221 at University of South Carolina A. @WVTreasury @RileyMooreWV Says W. Virginia . 1. d. Must be voted on by Congress and approved by the pr, Suppose two economists are debating tax reform bill. REBUTTAL TO ARGUMENT IN FAVOR OF PROPOSITION 14. The total cost is actually $7.3 billiona huge sum during this moment of economic crisis, with soaring unemployment and budget shortfalls. for it. To date, these inventions have provided of total of approximately $350,000 to the state. Explain. A. The United States should eliminate agricultural subsidies. They argue it builds on 2,900 medical discoveries; increases patient access and affordability; stimulates California's economy; and ensures strict accountability. Economists who are primarily responsible for advising Congress on economic matters work in which agency? a. A contractionary fiscal policy c. An expansionary fiscal policy d. Which of the following policy according to Keynes is best suited to stimulate an economy that is experiencing a downturn is the business cycle? Typically favor tax increases so that the additional revenue can be used to lower the federal budget deficit b. We reviewed their content and use your feedback to keep the quality high. c. Local and state governments should eliminate subsidies to professional sports franchises. RT @SFOF_States: BREAKING: #ESG is a losing proposition for investors, pensioners and retirees. The gap between Social Security funds and expenditures will become unsustainably large within the next fifty years if current policies remain unchanged. The state began receiving income from CIRM-funded inventions in 2017. A Keynesian economist would favor which of the following if she wished for a lower unemployment rate? b. propositions? A survey of professional economists revealed that more than three-fourths of them agreed with fourteen economic propositions. 379Thinking Like an Economist. 2020 and a reminder e-mail was sent January 14, 2021. Economists speaking like scientists make, 14. a. higher taxes b. increased government spending c. a balanced-budget reduction in both spending and taxes d. an expansion in the money supply, Which of the following would be considered a discretionary fiscal policy? [Read more about what's on this year's statewide ballot.] Which of the following is not correct? Economists view positive statements as, 12. c. how individual households and firms make decisions. Which of the following is true concerning expansionary fiscal policy? 108 Chapter 2/Thinking Like An Economist 11. Don't believe the "economic impact" numbers from the proponents of Prop. 12. Funding research for new therapies and cures is from bonds, not a tax. Study suggests that there is a connection between schizophrenia and: As you can see from reading the ballot argument above, proponents are attempting to minimize the cost of this initiative. 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